Unified Payments Interface (UPI) was developed by the National Payment Corporation of India (NPCI) under the guidelines of the Reserve Bank of India. UPI is based on the Immediate Payment Service (IMPS) platform, which offers better security than other payment methods wherein details like credit card numbers etc., are sent. While using UPI, only a Virtual Payment Address (VPA) is used, whereas all the other details remain hidden.

It is safe as the customers share only the virtual address and provide no other sensitive information. The ‘virtual payment address’ is an alias to the bank account.

The UPI Logo depicts a fast forward button in tricolour of the Indian Flag, which symbolises a fast method of payment.